Star Energy Share Discussion Threads

[kubera369] 25/4/2024 12:29

The share price has got loads of catching up Broker revised note upped from 55p to 66p and we are just at the launch pad.Yesterday was the first Financials update delivered by Star energy since the name change from IGAS

[jack007] 25/4/2024 12:19

And we are off!

[smackeraim] 25/4/2024 12:10

Could be breaking out finally

[jack007] 25/4/2024 11:15

Should be a gusher after 12p

[dannymaz89] 25/4/2024 11:05

Nice buying today £45k clip there

[dannymaz89] 25/4/2024 10:45

"Even after such a large jump in price, Star Energy Group may still be sending buy signals at present with its price-to-sales (or "P/S") ratio of 0.3x, considering almost half of all companies in the Oil and Gas industry in the United Kingdom have P/S ratios greater than 1x and even P/S higher than 4x aren't out of the ordinary."

[kubera369] 25/4/2024 10:11

This is fantastic news We are already at the forefront and the transition to Geothermal by Star energy looks like a very good move.It's the future and will be the new normal

[dannymaz89] 25/4/2024 09:43

https://ceenergynews.com/geothermal/eu-committee-of-the-regions-backs-geothermal-energy/

[stark industries] 25/4/2024 09:24

This share is really a no brainer...
I am holding these very tight....market has not even cottoned on to yesterday's broker note's and the financials of this company = wonderful opportunity to buy in more before lift off....

[dannymaz89] 25/4/2024 08:08

Unrisked broker target £2.42 from yesterday's report, this assumes:SSE Stoke network green light (Q2 expectation)Croatia success (it was a success awaiting development licence)Glentworth and corringham appraisal (shovel ready, potential farm in)Easy hold here guys

[jack007] 24/4/2024 16:43

It's all very wishy washy. They are a bunch of muppets but they might be on to something

[kibes] 24/4/2024 16:30

Reasonable results from the oil and gas portfolio but I've no idea whether the Croatian geothermal is worth anything at all. Where are the project economics? It is no more than a idea at the moment. And why should they make asset sales? They need to carry on with oil and gas as the core business and should say so.

[dannymaz89] 24/4/2024 13:50

STAR"The Company is looking to bring in new partners in 2H24 to invest in development projects, but acknowledged that asset sales might also help to demonstrate the industry value of the UK oil and gas portfolio."

[dannymaz89] 24/4/2024 13:50

Star Energy (STAR LN) 11.1p, Market Cap £14m:Transition strategy continues• Star reported average FY23 production of 2.1kboe/d generating £49.5m revenues and £15m operating cash flow (before working cap movements) to end the period with net debt of £1.6m as at 31st December.• The Company guides average FY24 production of 2.0kboe/d and operating costs of c.$41/boe, which is based on £5.5m cash capex that includes near-term incremental projects with short cycle returns and maintenance.• Star's independent CPR estimated a small increase in YE23 reserves to 11.7mboe (1P) and 17.5mb (2P), which has a pre-tax NPV of $143m and $235m respectively, plus 18.6mboe of 2C contingent resources.• The Company commented that its UK projects continue to suffer from regulatory creep and ever-increasing delays in obtaining regulatory approval for environmental permits, which are commonly in excess of 12M.Star continues to optimise its UK oil and gas assets by investing to maximise recovery from the existing 2kboe/d onshore production base and progress near term incremental development opportunities to utilise the £240m tax loss.However, management recognised on the results call that the UK onshore E&P sector remains out of favour and that the market gives little value to its pivot towards the growth of the geothermal business in the UK and in Croatia.The Company is looking to bring in new partners in 2H24 to invest in development projects, but acknowledged that asset sales might also help to demonstrate the industry value of the UK oil and gas portfolio. Despite Star's early mover advantage on geothermal energy that can be funded via its new five-year €25m credit facility, we think the market needs more clarity on UK tariffs and Croatian funding partners to enhance visibility on the opportunity set and commerciality of these projects.

[dannymaz89] 24/4/2024 12:16

https://www.sharecast.com/amp/news/broker-recommendations/canaccord-genuity-raises-target-price-on-star-energy--16651330.html

[ashkv] 24/4/2024 11:11

Star has to announce a GBP 2-3 million buyback at such insanely low share price levels!!!

It is a fiduciary must for the board/management!!!

[jack007] 24/4/2024 10:40

Don't panic then!

[dannymaz89] 24/4/2024 10:06

So near term for STAR we have Glentworth Phase 1 oil project environmental permits are expected imminently Corringham site preparation completeBletchingley gas-to-wire secured grid connection NHS hospital trust geothermal projects in Manchester and Salisbury progressing through feasibility stageCroatia development planFarm in for glentworth and corringhamSSE JV q2

[sea7] 24/4/2024 09:19

What should be noted is the £21 million positive movement in performance..

operating profit was £7.2 million in 2023, whereas it was a loss of £13.8 million in 2022 - that is a £21 million positive swing.

[sea7] 24/4/2024 09:06

This should generate 47gwh of power when up and running...

Bletchingley

The Bletchingley gas to wire project now has full planning consent, environmental permits and a secured grid connection. Further work by the Distribution Network Operator is underway to optimise the grid connection routing. Subject to this being finalised, expected imminently, the project is now "shovel ready".

[ashkv] 24/4/2024 08:54

Crazy valuation on Star Energy

Enterprise Value (EV) / EBITDA -> $20,352,572 / (GBP16,1000,000 * GBPUSD 1.24)
At a share price of 11.5p STAR EV/EBITDA = 1.02 Times!!! [A compelling 4.89 Times including Decommissioning Provisions]

Free Cash Flow Yield% (Market Cap / Free Cash Flow) -> £15,000,000 / £14,813,365
At a share price of 11.5p STAR Free Cash Flow Yield =101.2%!!! [FCF still a whopping 19.1% including Long Dated Decommissioning Provisions -> Note 2P NPV10 = $235 million at $72 BRENT]

DeGolyer & MacNaughton updated CPR values 2P NPV10 at $235 million (2022: $215 million) using an oil price assumption of c.$72/bbl for 5 years, then inflated
at 2-3% p.a. from 2028 to 2050

2P NPV10 US$235 million AT $72/bbl Brent Price ASSUMPTION!!!!

66p new target Cannacord Equity Research ->
"Valuation, target price and rating We take account for our new commodity assumptions and make a number of adjustments to our model, taken together we
increase our risked NPV10 based target price to 66p (from 55p) and maintain our Buy rating on Star Energy"

At current oil prices STAR are making over £2m in profit every single month!!!!

[sea7] 24/4/2024 08:52

Update to CPR

DeGolyer & MacNaughton updated CPR values 2P NPV10 at $235 million (2022: $215 million) using an oil price assumption of c.$72/bbl for 5 years, then inflated at 2-3% p.a. from 2028 to 2050

[dannymaz89] 24/4/2024 08:44

https://x.com/theunsophistic2/status/1783038765381935174?s=46&t=4s-AQzZhMmeWz3Ire1AEsA

[sea7] 24/4/2024 08:41

Tax losses

The Group has gross total tax losses and similar attributes carried forward of £362.1 million (2022: £355.3 million). Deferred tax assets have been recognised in respect of tax losses and other temporary differences where the Directors believe it is probable that these assets will be recovered based on a five-year profit forecast or to the extent that there is offsetting deferred tax liabilities. Such recognised tax losses include £109.5 million (2022: £123.2 million) of ringfence corporation tax losses which will be recovered at 30% of future taxable profits, £92.6 million (2022: £119.8 million) of supplementary charge tax losses which will be recovered at 10% of future taxable profits and £4.3 million (2022: £1.9 million) of losses arising under the EPL regime which will be recovered at 35% of future taxable profits.